Australia leaves key interest rate unchanged

Note: This section contains information in English only.
Source: Bloomberg
The Reserve Bank of Australia decided to leave its benchmark interest rate unchanged citing lingering risks in Europe. Governor Glenn Stevens announced RBA will stick to overnight cash rate at 4.25%. RBA decision indicates confidence in US economic outlook and optimism about local employment. Inflation level is expected to fluctuate between 2% and 3%. Australian Dollar dropped 0.5% on the news.
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